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HR 4646 101th Congress House

To amend the Internal Revenue Code of 1986 to treat as an asset acquisition any hostile qualified stock purchase by a foreign person and to limit the deduction for certain interest where a foreign…

Official title: To amend the Internal Revenue Code of 1986 to treat as an asset acquisition any hostile qualified stock purchase by a foreign person and to limit the deduction… Show full official titleShow less

Official title: To amend the Internal Revenue Code of 1986 to treat as an asset acquisition any hostile qualified stock purchase by a foreign person and to limit the deduction for certain interest where a foreign person acquires control of a domestic corporation.

Introduced: April 26, 1990 See on congress.gov
Taxation Corporate mergersForeign Trade and International FinanceForeign investmentsIncome tax
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InterestStocksTax deductions
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This bill died when the 101st Congress ended
It never became law before the 101st Congress (1989–1990) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 26, 1990
Referred to the House Committee on Ways and Means.
Apr 26, 1990
Introduced in House
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 Latest action April 26, 1990

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Amend the Internal Revenue Code to require that a hostile stock purchase by a foreign person in a corporate takeover be treated as an asset acquisition by the purchasing corporation.

Disallows an income tax deduction for interest on any indebtedness incurred or continued to purchase or carry corporate stock in the domestic corporation.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2
D
Markey, Edward J.
Massachusetts · Apr 26, 1990
 D
Neal, Richard E.
Massachusetts · Apr 26, 1990
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APA
U.S. Congress. (2026). H.R. 4646: To amend the Internal Revenue Code of 1986 to treat as an asset acquisition any hostile qualified stock purchase by a foreign person and to limit the deduction for certain interest where a foreign person acquires control of a domestic corporation.. 101st Congress. Open America. https://openamerica.io/bill/101-HR-4646/
MLA
"H.R. 4646: To amend the Internal Revenue Code of 1986 to treat as an asset acquisition any hostile qualified stock purchase by a foreign person and to limit the deduction for certain interest where a foreign person acquires control of a domestic corporation.." 101st Congress, 2026, Open America, https://openamerica.io/bill/101-HR-4646/.
Bluebook (legal)
H.R. 4646, 101st Cong. (2026), https://openamerica.io/bill/101-HR-4646/.
Markdown link
[H.R. 4646: To amend the Internal Revenue Code of 1986 to treat as an asset acquisition any hostile qualified stock purchase by a foreign person and to limit the deduction for certain interest where a foreign person acquires control of a domestic corporation.](https://openamerica.io/bill/101-HR-4646/)
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